Friday, May 6, 2011

Air India - How TaxPayer money is getting destroyed by the Dishonest Politicians

There has been a great story around AirIndia - how the minister-industrialist nexus destroyed the institution. I am not against the privatization of Government owned institutions (considering the historic mismanagement of Taxpayers money) but we need to make sure it is sold at right valuations.

We have seen similar cases in the privatization of other government owned companies - where the valuation was less than even their book value(or Networth).

Not sure if we can stop this, but it is always worth a least post Lokpal satyagraha success.

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